Comment by 1forex.vn on December 5, 2012 at 9:29am

Much depend on EU pair, Peter!

Comment by Peter jcp on December 5, 2012 at 9:31am

Actually - I might say it could be the other way round today - the GU is OB as well and today the worry is about the UK losing another of its rating -I think I might be keeping an eye on the GU more than normal today ;-))

Have a good day 1forex 

Comment by Peter jcp on December 5, 2012 at 11:15am

Still looking for lower- but when there is a scalp buy as shown on this chart - you take it ;-)

Comment by Peter jcp on December 5, 2012 at 1:24pm

Comment by Peter jcp on December 5, 2012 at 2:15pm

See updated chart - last hour buys and sells - but under 6080 might change things ;-)

Comment by Peter jcp on December 6, 2012 at 7:38am

GU after European Open on the 6th - updated chart

Comment by Peter jcp on December 6, 2012 at 11:18am

Shoulder now broken above - so cancels H & S . I am glad I scalp as would have lost 27 pip profit - but instead took scalp buy so doubled up. Now time to review again to see if false ;-))

Comment by Peter jcp on December 6, 2012 at 3:29pm

The market did not want traders to have a clean swing sell without a bigger stop. The movement today as been "classic " play and you can only win if you are committed to the direction of down on GU with big stops - or you scalp - I prefer to scalp ;-)

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